Amendment AA1-AB860

LRBa0925/1

JPC:cdc

2023 - 2024 LEGISLATURE

ASSEMBLY AMENDMENT 1, TO ASSEMBLY BILL 860

January 10, 2024 - Offered by Representative Kurtz.

AB860-AA1,1,1 At the locations indicated, amend the bill as follows:

AB860-AA1,1,3 1. Page 3, line 5: delete “(2) A nonprofit" and substitute “(2) (a) Subject to par. (b) and sub. (2m), a nonprofit".

AB860-AA1,1,4 2. Page 3, line 6: after that line insert:

AB860-AA1,1,7 “(b) No nonprofit agricultural organization may provide health benefit coverage unless the nonprofit agricultural organization offers health benefit coverage to its members in every county in the state.

AB860-AA1,1,13 (2m) (a) Before a nonprofit agricultural organization may provide health benefit coverage under sub. (2), the nonprofit agricultural organization shall file with the commissioner of insurance an attestation that the nonprofit agricultural organization qualifies as a nonprofit agricultural organization and that the nonprofit agricultural organization will offer health benefit coverage consistent with this section.

AB860-AA1,2,9 (b) Any nonprofit agricultural organization that offers to provide health benefit coverage under sub. (2) shall, no later than one year after filing an attestation under par. (a) and annually thereafter, file with the commissioner of insurance a signed opinion of a qualified actuary that the financial reserves of the nonprofit agricultural organization and any affiliated entities of the nonprofit agricultural organization are sufficient and conform to appropriate actuarial standards. Any nonprofit agricultural organization that fails to file a signed opinion pursuant to this paragraph may not provide health benefit coverage under sub. (2) until the nonprofit agricultural organization comes into compliance with this paragraph.”.

AB860-AA1,2,10 3. Page 3, line 24: after that line insert:

AB860-AA1,2,16 “(7) A nonprofit agricultural organization that offers to provide health benefit coverage under sub. (2) shall adopt a process for members to file and resolve complaints related to health benefit coverage that is, to the greatest extent practicable, consistent with the process for health insurance consumers to file and resolve complaints related to health insurance coverage with the office of the commissioner of insurance.”.

AB860-AA1,2,17 (End)